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The turmoil in the U.S. banking sector has had a negative impact on the market for initial public offerings (IPOs) . IPOs raised just $19.7 billion this year, down 70% from a year ago, according to Bloomberg data. That is the lowest level since 2019. Of that, just $3.2 billion has been raised through IPOs in the U.S. Shareholders and companies were quick to sell stock early in the year to take advantage of the stock market rally. However, that rally largely fizzled as the Federal Reserve continued to ramp up interest rates to cool inflation. The problems in the banking sector following the collapse of Silicon Valley Bank have also had an impact on companies' IPO plans. Secondary offerings have been the sole bright spot, raising $76 billion this year, a 48% increase from a year ago. Companies like electric vehicle maker Rivian have also turned to convertible bonds to raise money more cheaply. Some $6.4 billion in convertible bonds have been issued globally so far this … [Read more...] about Global IPO Fundraising Slows, Weighed Down by Banking Sector Turmoil

MANILA, Philippines  -The Department of Trade and Industry (DTI) on Monday said the local startup venture fund (SVF) ecosystem had reached about P8 billion, representing the amount of money now looking for high-potential enterprises to invest in. Aiming to help grow and accelerate the local startup sector, the SVF Investment Committee held a community mixer event last Friday, where five accredited co-investment partners and eight startups participated, according to the DTI. “We need the help of our co-investment partners for shepherding and accelerating the startups to encourage them to work with us and keep things on track,” said National Development Corp. (NDC) general manager and SVF investment committee chair Antonilo Mauricio. The five co-investment partners today are Gobi-Core PH Fund, ICCP SBI Venture Partners, Real Tech Holdings, Foxmont Capital Partners and IdeaSpace Foundation. Equity, debt financing NDC, which is DTI’s investment arm, has allocated P500 million for … [Read more...] about P8B now available to fund promising Philippine startups, says trade dep’t

DepEd logo / AFP PHOTO MANILA, Philippines — With the country facing a backlog of over 165,000 classrooms, the Department of Education (DepEd) is looking at addressing the perennial problem in a more “innovative” way through the possible institutionalization of blended learning. “That is a real possibility… because with blended learning, the classrooms we will need on a daily basis will be reduced,” DepEd spokesperson Michael Poa told the Inquirer in a phone interview. Aside from the traditional solution of building more disaster-resilient classrooms, DepEd’s other approach would be to maximize technology by permanently integrating blended learning, or a mix of in-person and online learning, into the school setup. Poa said that a study was ongoing to ensure the effective implementation of the program before its rollout. For Lizamarie Olegario, an associate professor of the University of the Philippines’ College of Education, blended learning might be able to address the … [Read more...] about DepEd eyes blended learning as solution to classroom lack